On December 6, 2022, Bluebell Capital Partners announced that it has acquired a stake in BlackRock and is pushing for Larry Fink to be replaced as CEO. Bluebell Capital Partners wrote to the Company's board a month ago arguing that the asset manager has failed to live up to its commitments on ESG initiatives. Bluebell Capital Partners stated that it is also requesting that the Company begin a strategic review of its stance on ESG and appoint a new lead independent director would replace Murry Gerber.